Cisco has acquired PostPath for $215M in an attempt to add email and calendaring features to its WebEx. The acquisition shouldn’t come as a surprise: John Chambers, CEO of Cisco Systems, recently said:
“We believe we are entering the next phase of the Internet as growth and productivity will center on collaboration enabled by networked Web 2.0 technologies.”
We at Workstreamer see this as further proof that the online collaboration space is about to undergo a series of innovations and consolidations. The macro trends clearly favor a rise in collaborative activity, especially relating to cloud technology.
Of note is that the software development team is based in Bulgaria. Go outsourcing!
Story via GigaOM